DUBAI / WAM Mashreq has joined the World Green Building Council’s (WorldGBC) Advancing Net Zero Readiness Framework as a collaborator in the Mena region to promote a Net Zero built environment in the region. The initiative aims to create a community of Net Zero collaborators to speed up investment and build confidence in Net Zero. As a collaborator, Mashreq will ...

BLOOMBERG The European Central Bank (ECB) has to continue to raise borrowing costs, according to Governing Council member Klaas Knot, conceding that a slower pace of tightening could be warranted. “We are certainly not done with interest-rate hikes,” the Dutch central bank chief told the NRC newspaper in an interview. “Core inflation in the euro zone is now almost 6%, ...

BLOOMBERG  New Bank of Japan (BOJ) Governor Kazuo Ueda struck a dovish tone once again by highlighting the risk of inflation slowing below the central bank’s target. Comparing the risk of inflation overshooting and falling below 2%, “it’s appropriate to conduct monetary policy by focusing on the latter risk” considering economic conditions, Ueda told reporters in Washington. Coming three days ...